Ibovespa finished higher Thursday in a rallying session after recent adjustments, with GPA comfortably leading gains after receiving a bid for its stake in Colombian retail group Exito.
The trading session concluded with traders awaiting the outcome of the National Monetary Council (NCC) meeting, notably a long-awaited decision on inflation targets in the country, which could solidify bets for the Selic in August.
Finance Minister Fernando Haddad will speak to the press at 5.15pm, the ministry’s press office said, without specifying the subject of the interview.
Benchmark index of the Brazilian stock market, the Ibovespa rose 1.58%, to 118,519.8 points, according to preliminary data, after closing down in four of the last five trading sessions, accumulating a loss of 3 .1% in the period.
The financial volume on Thursday was 20.3 billion reais.
Source: Terra
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